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Please show work-- no excel but allowed BA II Plus 17 Suppose you are offered an investment that pays $10,000 every 146 days, in arrears.

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Please show work-- no excel but allowed BA II Plus

17 Suppose you are offered an investment that pays $10,000 every 146 days, in arrears. You would receive 20 of these payments. If you can earn 7% EAR on your money, what is the most you'd be willing to pay for this investment? Answer: $152,367.91

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